900 Biscayne Blvd Apt 2602
Miami, FL 33132 · condos · For Sale · 297 days on market
Asking price$1,268,000
3 beds 3 baths 1,575 sqft
Suggested offer$1,028,894$239,106 above the est. market value of $1,028,894.
View on Realtor.com →Listed by Jason Smith · Keller Williams Capital Realty
Typecondos
Built2008
Price / sqft$805
Est. value (own analysis)$1,028,894
Rent estimate (own analysis)$7,000/mo
HOA$2,092/mo
1 / 15
Show every detail
Statusfor_sale
Listed date2025-11-09
Removed date—
MLSMiamiMLS #A11909894
Coordinates25.78342, -80.19009
Address900 Biscayne Blvd Apt 2602
CityMiami
StateFL
Zip33132
Listing ID6222597354
Sourceus-real-estate-listings, cached 2026-08-29
ZIP market snapshot (33132)
Typical home value (ZHVI)$514,716
Typical rent (ZORI)$3,468/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,268,000 |
| Down payment (20.0%) | $253,600 |
| Loan amount | $1,014,400 |
| Closing costs (5.0%) | $63,400 |
| Total cash to close | $317,000 |
| Income | |
| Rent (comp-derived) | $7,000$84,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,440$77,280 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,008$24,092 |
| Insurance (placeholder 0.8% of price) | $845$10,144 |
| HOA dues | $2,092$25,104 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $350$4,200 |
| Total operating expenses | $5,295$63,540 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $350$4,200 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,041 | $4,500 | 2026-08-21 | — | |
| condos | 3 | 3 | 1,043 | $7,000 | 2026-08-20 | — | |
| condos | 3 | 2 | 1,789 | $6,500 | 2026-08-19 | — | |
| condos | 3 | 2 | 1,515 | $5,500 | 2026-08-14 | — | |
| condos | 3 | 4 | 1,953 | $13,500 | 2026-08-13 | — | |
| apartment | 3 | 3 | 1,800 | $9,579 | 2026-08-10 | — | |
| condos | 3 | 2 | 1,789 | $6,200 | 2026-07-27 | — | |
| condos | 3 | 3 | 1,494 | $5,900 | 2026-07-22 | — | |
| apartment | 3 | 3 | 1,359 | $5,230 | 2026-07-14 | — | |
| condos | 3 | 3 | 1,795 | $6,500 | 2026-07-14 | — | |
| condos | 3 | 4 | 1,592 | $9,500 | 2026-07-13 | — | |
| condos | 3 | 2 | 1,602 | $5,800 | 2026-07-13 | — | |
| condos | 3 | 2 | 1,789 | $6,500 | 2026-07-10 | — | |
| condos | 3 | 3 | 1,739 | $6,000 | 2026-07-01 | — | |
| condos | 3 | 3 | 1,127 | $7,999 | 2026-07-01 | — | |
| condos | 3 | 4 | 1,694 | $7,900 | 2026-06-22 | — | |
| condos | 3 | 3 | 1,150 | $7,500 | 2026-06-19 | — | |
| condos | 3 | 2 | 1,789 | $6,300 | 2026-06-08 | — | |
| condos | 3 | 3 | 1,840 | $6,500 | 2026-06-03 | — | |
| condos | 3 | 3 | 1,840 | $7,000 | 2026-06-02 | — | |
| condos | 3 | 4 | 1,592 | $7,500 | 2026-06-02 | — | |
| condos | 3 | 3 | 1,547 | $8,000 | 2026-05-31 | — | |
| condos | 3 | 2 | 1,322 | $4,600 | 2026-05-15 | — | |
| condos | 3 | 3 | 1,827 | $6,800 | 2026-08-04 | — | |
| condos | 3 | 3 | 1,135 | $7,500 | 2026-03-18 | — | |
| condos | 3 | 3 | 2,081 | $10,000 | 2026-01-15 | — | |
| condos | 3 | 3 | 2,106 | $12,900 | 2026-04-13 | — | |
| condos | 3 | 4 | 2,018 | $12,750 | 2025-11-04 | — | |
| apartment | 3 | 2 | 1,808 | $25,000 | 2022-08-18 | — | |
| condos | 3 | 4 | 2,018 | $12,500 | 2026-04-27 | — | |
| condos | 3 | 3 | 2,106 | $10,750 | 2026-04-16 | — | |
| condos | 3 | 3 | 1,633 | $9,000 | 2024-11-20 | — | |
| condos | 3 | 3 | 1,498 | $8,500 | 2026-04-13 | — | |
| condos | 3 | 3 | 1,040 | $6,980 | 2025-12-19 | — | |
| condos | 3 | 3 | 1,135 | $8,650 | 2025-07-06 | — | |
| apartment | 3 | 3 | 1,150 | $9,500 | 2026-03-05 | — | |
| condos | 3 | 2 | 1,038 | $5,200 | — | — | |
| condos | 3 | 3 | 1,795 | $8,000 | — | — | |
| condos | 3 | 3 | 1,936 | $8,900 | 2026-08-26 | — | |
| condos | 3 | 2 | 1,496 | $5,200 | 2026-03-24 | — | |
| condos | 3 | 3 | 1,246 | $9,000 | 2025-05-27 | — | |
| apartment | 3 | 3 | 1,359 | $5,240 | — | — | |
| apartment | 3 | 3 | 1,590 | $5,500 | — | — | |
| apartment | 3 | 3 | 1,359 | $5,245 | — | — | |
| apartment | 3 | 2 | 1,272 | $5,640 | — | — | |
| apartment | 3 | 2 | 1,272 | $6,165 | — | — | |
| apartment | 3 | 3 | 1,359 | $5,230 | — | — | |
| apartment | 3 | 2 | 1,272 | $6,000 | — | — | |
| apartment | 3 | 2 | 1,808 | $10,450 | — | — | |
| condos | 3 | 3 | 1,127 | $7,999 | — | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1800 N Bayshore Dr Apt 1901 | condos | 3 | 3 | 2,189 | $1,420,000 | 2026-08-17 |
| 488 NE 18th St Unit 5012 | condos | 3 | 4 | 2,365 | $2,575,000 | 2026-08-14 |
| 398 NE 5th St Apt 4518 | condos | 3 | 3 | 1,135 | $1,050,000 | 2026-08-14 |
| 851 NE 1st Ave Unit 1412 | condos | 3 | 4 | 2,165 | $1,290,000 | 2026-08-05 |
| 601 NE 1 St Unit 2716 | condos | 3 | 3 | 1,633 | $1,175,000 | 2026-07-24 |
| 50 Biscayne Blvd Apt 3510 | condos | 3 | 2 | 1,789 | $1,025,000 | 2026-07-17 |
| 1717 N Bayshore Dr Unit A2451 | condos | 3 | 3 | 1,840 | $705,000 | 2026-07-10 |
| 900 Biscayne Blvd Apt 3709 | condos | 3 | 3 | 1,579 | $1,175,000 | 2026-06-30 |
| 50 Biscayne Blvd Apt 3702 | condos | 3 | 2 | 1,789 | $1,020,000 | 2026-06-12 |
| 851 NE 1st Ave Unit 3401 | condos | 3 | 4 | 2,204 | $1,475,000 | 2026-06-12 |
| 1900 N Bayshore Dr Apt 2512 | condos | 3 | 3 | 1,494 | $830,000 | 2026-05-28 |
| 601 NE 1st Ave Unit 3316 | condos | 3 | 3 | — | $1,100,000 | 2026-05-27 |
| 50 Biscayne Blvd Apt 1902 | condos | 3 | 2 | 1,789 | $1,035,000 | 2026-04-30 |
| 275 NE 18th St Apt 1207 | condos | 3 | 2 | 1,318 | $605,000 | 2026-04-29 |
| 1800 N Bayshore Dr Apt 1801 | condos | 3 | 3 | 2,189 | $1,400,000 | 2026-04-16 |
| 851 NE 1st Ave Unit 1611 | condos | 3 | 4 | 2,188 | $1,350,000 | 2026-03-16 |
| 900 Biscayne Blvd Apt 3902 | condos | 3 | 3 | 1,575 | $1,150,000 | 2026-03-09 |
| 1900 N Bayshore Dr Apt 4902 | condos | 3 | 4 | 1,970 | $1,342,000 | 2026-03-09 |
| 900 Biscayne Blvd Apt 2106 | condos | 3 | 4 | 2,145 | $1,800,000 | 2026-03-09 |
| 900 Biscayne Blvd Apt 1707 | condos | 3 | 3 | 1,630 | $1,420,000 | 2026-03-06 |
| 50 Biscayne Blvd Apt 3102 | condos | 3 | 2 | 1,789 | $1,030,000 | 2026-02-27 |
| 488 NE 18th St Unit 4612 | condos | 3 | 4 | 2,018 | $2,225,000 | 2026-02-20 |
| 488 NE 18th St Unit 2010 | condos | 3 | 4 | 1,592 | $1,040,000 | 2026-02-18 |
| 488 NE 18th St Unit 3912 | condos | 3 | 4 | 2,018 | $2,300,000 | 2026-01-27 |
| 1717 N Bayshore Dr Unit A2751 | condos | 3 | 3 | 1,840 | $690,000 | 2026-01-06 |
| 1800 N Bayshore Dr Apt 2201 | condos | 3 | 3 | 2,189 | $1,475,000 | 2025-12-23 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 851 NE 1st Ave Unit 3711 | condos | 3 | 4 | 2,188 | $1,675,000 | — |
| 398 NE 5th St Apt 4701 | condos | 3 | 3 | 1,150 | $1,650,000 | — |
| 1400 Biscayne Blvd Unit 3501 | condos | 3 | 4 | 1,953 | $2,650,000 | — |
| 175 NE 10 Street | condo | 3 | 2 | 1,531 | $1,984,000 | — |
| 1400 Biscayne Blvd Unit 3201 | condos | 3 | 4 | 1,953 | $2,725,000 | — |
| 398 NE 5th St Apt 2118 | condos | 3 | 3 | 1,135 | $1,225,000 | — |
| 1717 N Bayshore Dr Unit A1951 | condos | 3 | 3 | 1,840 | $975,000 | — |
| 159 NE 6th St Unit 2415 | condos | 3 | 3 | 1,373 | $1,225,000 | — |
10-year hold projection
IRR-4.4%
Equity multiple0.26x
Total return (10yr)-$68,152
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,306,040 | $13,740 | -$68,686 | $1,003,402 | $302,638 |
| 2 | $1,345,221 | $14,470 | -$68,061 | $991,648 | $353,573 |
| 3 | $1,385,578 | $15,230 | -$67,409 | $979,087 | $406,491 |
| 4 | $1,427,145 | $16,020 | -$66,728 | $965,664 | $461,481 |
| 5 | $1,469,960 | $16,843 | -$66,019 | $951,319 | $518,641 |
| 6 | $1,514,058 | $17,699 | -$65,279 | $935,988 | $578,070 |
| 7 | $1,559,480 | $18,589 | -$64,507 | $919,605 | $639,875 |
| 8 | $1,606,264 | $19,516 | -$63,703 | $902,097 | $704,167 |
| 9 | $1,654,452 | $20,479 | -$62,864 | $883,387 | $771,065 |
| 10 | $1,704,086 | $21,480 | -$61,991 | $863,392 | $840,694 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.